How to calculate the Land Transfer Tax in the Province of Ontario

Purchase Price

Calculation of Land Transfer Tax

0 to $55,000
Amount x .005
$55,001 to $250,000
(Amount x .01) minus $275
$250,001 to $400,000
(Amount x .015) minus $1,525
Greater than $400,000
(Amount x .02) minus $3,525

Examples
Land Transfer Tax = ($50,000 x .005) = $250.00
Land Transfer Tax = ($200,000 x .01) minus $275 = $1,725.00
Land Transfer Tax =  ($275,000 x .015) minus $1,525  =  $2,600
Land Transfer Tax = ($450,000 x .02) minus $3,525 = $5,475.00

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Trish Mills

Trish Mills

Sales Representative
CENTURY 21 Millennium Inc., Brokerage*
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